More Disruptive Technology Start-Ups, Please

June 06, 2009

Capitalism at Work; Steel Factory Re-tools to make Lettuce out of Electricity

In 1909 about 50% of the work force was involved in agriculture, today its about 5%, yet we don't have 45% unemployment, because capitalism is great a retooling underutilized resources. In the 1900s Many of those farm jobs went to the Steel Mills. Ironically, 100 years later, in Japan, the steel jobs are retooling to farming. This BBC video explains.